Property Offer Tips and Q&A for Los Angeles, CA
Make a Competitive Offer in Los Angeles’s Housing Market
Top Tips for Making a Strong Offer
- Research the Market: Understand Los Angeles’s median home prices (around $800,000) and neighborhood trends.
- Work with Your Agent: Collaborate to craft an offer based on recent sales in areas like Midwick Park or Emery Park.
- Include a Personal Letter: Appeal to sellers with a letter explaining why you love their home.
- Be Flexible: Consider waiving minor contingencies if your finances allow, but consult your agent.
- Act Quickly: Los Angeles’s market can be competitive; submit offers promptly.
Common Questions About Making Offers
A: It depends on the market. In Los Angeles, offers 1-5% above asking are common for desirable properties. Check with your agent for comps.
A: Common contingencies include inspection and financing. Discuss with your agent to balance protection and competitiveness.
A: Typically 1-3 days, but sellers in Los Angeles may respond faster in a hot market.
A: Yes, if inspections reveal issues, you can negotiate repairs or credits with the seller.
Need More Help?
Contact a local expert to guide you through the offer process in Los Angeles.
Office:
453 S. Spring Street, Suite 400,
Los Angeles, California 90013
Call
+1(213) 510-1717
Mortgage information and important limitations
Information on this website is general educational information. It is not a loan approval, commitment to lend, personalized rate quote or guarantee of savings. Available financing and final loan terms depend on the lender, program, applicant and property, and are subject to verification and applicable underwriting requirements.
Loan programs and requirements can change. Down-payment assistance, when available, has separate eligibility and funding conditions and may involve a second loan or repayment obligation. A low- or no-down-payment option does not necessarily eliminate closing costs or other required funds.
Calculator results are estimates based on the information and assumptions shown, not offers of credit. Actual rates, APR, fees, payments and savings may differ. Review each tool's stated inclusions and exclusions and obtain the applicable loan disclosures before making a financing decision. A lower monthly payment does not necessarily mean a lower total borrowing cost.
A mortgage or home-equity loan is secured by your property. Failure to meet its terms can put your home at risk. O1ne Mortgage Inc., DBA Los Angeles Mortgage Lender, is not a government agency and is not endorsed by VA, FHA, USDA or CalHFA.
O1ne Mortgage Inc., DBA Los Angeles Mortgage Lender
Real Estate Broker — California Department of Real Estate
California DRE #02103625 · Corporate NMLS #1906814
Los Angeles Mortgage Lender — DBA NMLS #2530594
Loan officer: Georges Kfoury · California DRE #01386688 · NMLS #365129
Equal Housing Lender.
453 S. Spring Street, Suite 400, Los Angeles, CA 90013
Office visits by confirmed appointment only. No walk-ins.
Phone: (213) 510-1717
Email: [email protected]
Staffed phone hours: Monday–Friday, 9 AM–5 PM Pacific.
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